MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $13.58 Million Stake in EOG Resources, Inc. (NYSE:EOG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,760 shares of the energy exploration company's stock after acquiring an additional 6,813 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in EOG Resources were worth $13,576,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EOG. Financial Life Planners acquired a new stake in shares of EOG Resources during the 4th quarter valued at $25,000. Y.D. More Investments Ltd boosted its holdings in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of EOG Resources during the 4th quarter valued at $25,000. Decker Retirement Planning Inc. acquired a new position in EOG Resources during the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. acquired a new position in EOG Resources during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Susquehanna cut their target price on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. UBS Group cut their target price on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Citigroup cut their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Williams Trading set a $154.00 target price on EOG Resources in a report on Wednesday, March 5th. Finally, Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $140.63.

EOG Resources Stock Down 0.4%

EOG Resources stock traded down $0.43 during midday trading on Friday, reaching $115.43. The stock had a trading volume of 3,406,023 shares, compared to its average volume of 3,296,785. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a market capitalization of $63.00 billion, a P/E ratio of 9.29, a PEG ratio of 3.58 and a beta of 0.78. The company has a fifty day moving average price of $115.84 and a two-hundred day moving average price of $124.30. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the company posted $2.82 EPS. The firm's revenue was down 7.4% compared to the same quarter last year. As a group, equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources's payout ratio is 36.18%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.